The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1887-08-04

President Hill and Superintendent Egan
of Manitoba are expected Sunday. A
grand reception will be given them. The
excavation of the cellar for the thirty
thousand dollar Minot building has been
commenced. The building is to be used
for railroad Offices. The nearest graders
| camp is ten miles distant. Numerous
teams belonging to the camps are haul
ing, wood from here. Work is to be COM
menced in few days on the bridge across
the river.
Articles of incorporation were fled last
Monday with the territorial secretary, of
tho St. Paul & Helena Land Improve
ment company. The incorporators are
E. D. Edgarton, Harry W. Childs, Edward
W. Bach, Silas S. Huntley, Thos. L.
West, OF Helena; Chauncey W. Griggs,
Jabez 7. Odell, Nelson G. Thrall, Eaton
B. Northrup, of St. Paul, and Alex. Nc
Kenzie, of Bismarck. The capital stock
OF the company is fixed at $25O,OOO with
shares at the par value of $50 each. The
place of business will be at st. Paul,
MINI.
Yellowstone Journal: The Murphy
cattle company have about finished their
preparations for the delivery in fulfill
ment of their contract with the govern
ment of 1000 head of heifers and young
COWS, and sixty head of grade bulls to the
Grow agency for the use of the Grow In
dians. The Murphy cattle company were
unable to fill the contract from their own
brand, on account of the winters losses,
and consequently y nearly 200 head OF
heifers were purchased from another out
fit. The herd is splendid one and the
bulls are nearly all graded Herefords.
The SIM River canal, from Teton to
Great Falls, is completed. The great pipe
and tlume works to perfection. Chief
Engineer Mcintyre, who is the originator
Of the enterprise, is being congratulated
for his success by everyone This canal
is seventy-fve miles long and opens to
settlement over 100000 acres of the best
of agricultural land, good portion of
which is located near the promising town
of Great Falls. Gov: Hauser Messrs.
Parchen, Hotter, Klein, Kessler and other
sJOckuO1ut1o, aaia 1futt~.~e~ 1f ~JI~1~~-~---~etl etl>A
alton of this canal marks an era in this
country.
Butte is considerably agitated over a
quarrel between the owners and leading
stockholders of the Princess mine. The
mine is located in the Pipestone, and as
little if any work is being done, some OF
the parties who purchased the treasury
stock have been making anxious inquir-
les. To-day Mr.. F. T. Mcbride. presi-
dent of the company, makes statement
that he and the original owners OF the
mine sold to the company and agreed to
take their pay in stock. That F. L. Bur-
ton and Geo. Althaff were sent east to
place the stock, but were unsuccessful.
That Althaff gave away stock to the
amount of $4,000 shares, for which the
company got no return, and which it will
not recognize Further, that Butte pur-
chasers will be duly protected in their
interests by the management. To the
reference to him, Althaff replied by show
ing an autograph letter written by Nc
Bride in January, to Burton and himself
while they were east, in which he quotes
from the proceedings OF the board of
trustees The letter is to the effect that
certain number of shares are to be sent
there to be sold, the proceeds to be used
as working capital, and 4S,200 shares are
issued for the same purpose in Montana.
It is likely there will be considerable
scandal over the matter, and the inno-
cent stockholders will be the victims.